Explorez tous les épisodes du podcast REI Hot Seat with Andrew Hines and The Investments Group

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In episode E140 of the REI Hot Seat, Andrew and Jacob break down the current state of the real estate market, with a particular focus on multifamily assets and broader opportunities in different asset classes. 

They begin by reflecting on how interest rate hikes since 2022 have driven pricing downward and created a true buyer’s market. Buyers now have leverage to dictate terms, while sellers face bleak sentiment, often needing to price below recent averages just to attract offers. Inventory has been tight in some regions, but correctly priced assets are still moving. 

The key, they emphasize, is structuring deals from the buyer’s perspective—making sure an opportunity makes sense today, not just based on potential future improvements.

The conversation then shifts to how investors should position themselves in this environment. Jacob highlights that while creative financing can still be useful, it is no longer essential to make deals work; instead, buyers should prioritize simplicity, negotiating time to secure CMHC financing rather than paying premiums for complex structures. 

Multifamily continues to be popular due to relatively low barriers to entry and financing options, but the market is saturated, while industrial and office assets are declining and may present future opportunities if purchased at the right price. 

They also touch on the fading presence of wholesalers in Canada, attributing the decline to steep price corrections—up to 30% off peak in Ontario—that erased the margins wholesalers once enjoyed.

Looking ahead, Andrew predicts continued stagnation in the market until interest rates eventually settle near a neutral level, likely under 2%, with potential cuts driving incremental improvements. On housing, he challenges the narrative of a “crisis,” suggesting that the real issue is declining living standards as more families consolidate housing or delay independent living, rather than an outright shortage of units.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

Jacob Campagnaro Instagram: https://www.instagram.com/jacob_campagnaro/

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In episode E140 of the REI Hot Seat, Andrew and Jacob dive into a Toronto mixed-use investment opportunity, highlighting why retail assets in prime locations are gaining favour with lenders. 

They break down the property—a 1971-built building in Trinity Bellwoods with two levels of commercial space and three residential units—emphasizing the importance of securing a long-term AAA tenant to stabilize income. 

With cap rates starting around 5% and projected to climb into the mid-sixes over several years, the property presents a strong long-term hold play for investors willing to structure deals creatively. 

The discussion covers financing challenges, such as CMHC restrictions on mixed-use buildings, and potential solutions including vendor take-back mortgages and first-second structures to enhance leverage. 

Jacob outlines rent rolls, vacancy considerations, and expense recovery strategies, underscoring how the retail component drives most of the value. 

They also note opportunities to add value through tenant repositioning, parking income, and potential unit conversion. Ultimately, the episode makes the case that Toronto, long seen as “untouchable” for smaller investors, is now opening up thanks to changing market dynamics, creating a rare chance to secure prime assets in a world-class city.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

Jacob Campagnaro Instagram: https://www.instagram.com/jacob_campagnaro/

David Hulshof Instagram: https://www.instagram.com/davehulshof.realestate/

E141 Generational Wealth Starts With Assets Like This

1:17 – Why Toronto Remains Expensive

5:00 – Filling Commercial Tenancy

6:20 – Retail Stability & Cap Rates

12:14 – Financing Limits & CMHC Restrictions

18:09 – Asking Price & Bank Appetite

19:05 – Vendor Take-Back & Deal Structuring

24:47 – Long-Term Hold Strategy

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In episode E140 of the REI Hot Seat, Andrew Hines and David Hulshof dive into the analysis of a power of sale multifamily deal in St. Catharines, Ontario—a 20-unit purpose-built building listed at $3.85M, significantly reduced from a previous $4.8M listing. 

Dave emphasize that power of sale opportunities are high-risk, high-reward and should be approached only by experienced investors due to their “as-is, where-is” nature and lack of typical buyer protections such as condition periods and environmental reports. 

The property features several vacant units with unclear renovation status, presenting a value-add opportunity — but due to its current condition, it will initially require bridge financing before becoming eligible for CMHC-insured refinancing post-renovation and lease-up.

They walk through the numbers using both stabilized and bridge-financing scenarios, estimating a 5.75% cap rate and ~$192K per unit acquisition cost. 

After budgeting for approximately $280K in renovations across seven units and an additional $80K in bridge financing costs, they demonstrate that, if executed well, investors could achieve a 1.2 debt coverage ratio and retain the property with just $225K of capital left in the deal. 

Dave stresses the importance of working with mortgage brokers and lenders who specialize in CMHC financing due to rapidly changing rules and underwriting complexities.

The episode also contrasts Canadian power of sale with U.S. foreclosure and “subject-to” financing strategies, noting that the latter enables long-term mortgage assumption at low locked-in rates, a major advantage in U.S. markets. 

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

David Hulshof Instagram: https://www.instagram.com/davehulshof.realestate/

E140 How To Structure High-Risk Multifamily Deals in 2025

0:37 – 20-Unit Deal Breakdown  

5:15 – Vacancy & Rent Analysis  

6:22 – Bridge First, CMHC Later  

8:33 – U.S. vs. Canada Strategy  

11:18 – Full Deal Structure  

14:25 – CMHC Risks & Rules  

17:06 – Final Numbers Breakdown  

19:11 – No Inspection Risk  

23:02 – 30-Day Irrevocable Offers  

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In episode E139 of the REI Hot Seat, Andrew Hines, David Hulshof, and Jacob Campagnaro dive deep into the analysis of a ten-unit turnkey townhome deal in Cambridge, Ontario. 

The trio begins by examining the property's valuation challenges, emphasizing how traditional metrics like price-per-door or cap rates often fail to capture real value—especially in mixed-use or townhouse-style properties. 

They critique the listing's $4 million price tag, which doesn't yield acceptable cash-on-cash returns or debt service coverage. 

Instead, they suggest a $3.6 million offer would meet CMHC's lending standards and produce a stronger return profile, particularly since the units are separately metered and well-renovated.

The conversation expands to broader market dynamics, highlighting how most listings remain overvalued due to sellers chasing the market downward. 

They stress the importance of submitting offers—even aggressive ones—because many sellers eventually circle back when reality sets in. 

The hosts outline how power-of-sale and distressed deals are becoming more common, effectively resetting market comps. 

Throughout, they emphasize their systematic approach: applying a strict underwriting framework to filter for deals that truly work and advising others to ignore seller emotions and stay disciplined.

Despite current challenges, the hosts agree it's a strong buyer’s market—flush with opportunity for those with capital, patience, and a well-defined investment box. 

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

Jacob Campagnaro Instagram: https://www.instagram.com/jacob_campagnaro/

David Hulshof Instagram: https://www.instagram.com/davehulshof.realestate/

E139 The Brutal Truth About Today’s Seller Expectations

1:16 - St. Thomas Power of Sale Deal Intro

3:40 - Power of Sale Process Explained

9:02 - Rent Projections & Absorption Risk

11:08 - Furnished/Midterm Rental Strategy

12:46 - Renovation & Stabilization Costs

15:06 - Refi Analysis & Cash-on-Cash Returns

17:14 - Long-Term Investment Mindset

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In episode E138 of the REI Hot Seat, Andrew Hines, David Hulshof, and Jacob Campagnaro do a deep-dive deal analysis on a 23-unit power of sale multifamily building in St. Thomas, Ontario. 

They walk through the nuances of underwriting this type of distressed property, which is fully renovated but vacant and missing appliances and a boiler. 

The conversation covers how power of sale transactions differ from typical sales—banks require MLS listings, strict bidding timelines, and offer "as is, where is" sales with no representations or warranties, making due diligence crucial but limited. 

They discuss challenges like renting out 23 units quickly in a cooling market, strategies such as furnished midterm rentals for visiting professionals, and the need for substantial upfront capital for carrying costs and renovations. 

Using conservative assumptions, they model expected rents, costs for appliances and a boiler, and stabilization timelines, concluding that after refinancing (CMHC takeout), an investor might leave roughly $370K in the deal while achieving 12–13% cash-on-cash returns—potentially higher when factoring in mortgage paydown. 

They stress that while this is not for undercapitalized or inexperienced buyers, it’s a solid opportunity for sophisticated investors able to manage the complexities and risks. 

The episode ends with reflections on investment timelines, emphasizing that successful real estate strategies increasingly demand patience, scale, and careful underwriting in a market where easy flips are no longer the norm.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

Jacob Campagnaro Instagram: https://www.instagram.com/jacob_campagnaro/

David Hulshof Instagram: https://www.instagram.com/davehulshof.realestate/

E138 Inside a Power of Sale Deal Breakdown

1:16 - St. Thomas Power of Sale Deal Intro

3:40 - Power of Sale Process Explained

9:02 - Rent Projections & Absorption Risk

11:08 - Furnished/Midterm Rental Strategy

12:46 - Renovation & Stabilization Costs

15:06 - Refi Analysis & Cash-on-Cash Returns

17:14 - Long-Term Investment Mindset

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In episode E137 of the REI Hot Seat, Andrew Hines, Jacob Campanaro, and David Hulshoff dive deep into analyzing a 12-plex building deal in Waterloo while engaging in their signature candid banter. 

They begin by exploring the paradox of rising vacancies in Ontario despite housing shortages, attributing it to factors like people consolidating households due to affordability issues, Ontario's slowing population growth, and a glut of new rental condos hitting the market. 

The conversation shifts to the specific deal: a purpose-built 12-unit building with predominantly large three-bedroom, two-bath units—a rare configuration offering potential rental upside despite a higher per-unit acquisition cost. 

Throughout, they emphasize the reality of underwriting conservatively in a buyer’s market, noting CMHC financing advantages, potential value-add opportunities even in fully occupied buildings, and the importance of filtering out overhyped deals with unrealistic seller numbers. 

The team also reflects on broader market dynamics—including the challenges with pre-construction inventory flooding rental markets, regional vacancy variations, and the long-term investment appeal of Ontario despite short-term headwinds. 

The episode closes on the importance of building spreadsheets, questioning assumptions, and maintaining a disciplined approach to ensure deals truly work without relying on optimistic projections.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

Jacob Campagnaro Instagram: https://www.instagram.com/jacob_campagnaro/

David Hulshof Instagram: https://www.instagram.com/davehulshof.realestate/

E137 Avoid These Due Diligence Mistakes on Your Next Deal

01:45 – Overview of the Waterloo 12-Plex

03:20 – Rent and Price Per Unit Analysis

07:34 – Cap Rate and Income Breakdown

09:13 – Laundry Revenue Deep Dive

12:06 – Due Diligence and Underwriting Process

16:59 – Causes of High Vacancies

19:01 – Burlington Vacancy Example

25:08 – Buyer’s Market Opportunities

25:58 – CMHC Financing Strategy

28:56 – Cash Flow and Lift Potential

31:14 – Long-Term Appreciation and Exit Strategy

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In episode E136 of the REI Hot Seat, Andrew Hines and Jacob Campanaro do a deep dive into the fundamentals of commercial and industrial real estate investing, with a focus on terminology, lease structures, and investor analysis techniques.

The episode responds to growing audience interest in commercial spaces like retail and industrial properties, shifting from the podcast’s usual multifamily content. 

Jacob breaks down key elements of analyzing a commercial property including location, tenant quality, lease terms, rent escalations, and expense structures like triple net and gross leases. 

Using examples like Shoppers Drug Mart and Beer Store, they explore how tenant strength, lease renewal options, and recoverable expenses impact value and investment returns. 

They also discuss the importance of understanding market recovery costs, managing capital expenses through amortization, and preparing for tenant turnover risk. 

The episode emphasizes due diligence and working with professionals, especially in complex commercial transactions, and wraps up by teasing a follow-up episode with a real mixed-use deal breakdown.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

Jacob Campagnaro Instagram: https://www.instagram.com/jacob_campagnaro/

David Hulshof Instagram: https://www.instagram.com/davehulshof.realestate/

E136 How to Analyze Commercial Real Estate Deals Like a Pro

00:25 – Intro to Commercial Deal Analysis

01:25 – Key Terminology Overview

03:10 – Location and Tenant Basics

04:07 – Retail Commercial Example

05:15 – Lease Terms & Renewal Options

10:21 – Lease Types: Triple Net vs Gross

13:34 – Capital Expenses & Amortization

17:29 – Land Lease Example: KFC Inquiry

20:25 – Gross vs Semi-Gross Explained

22:15 – Rent Escalations & Revenue Breakdown

24:38 – Commercial vs Multifamily Risk

28:14 – Cap Rates vs Risk Tradeoff

30:02 – Conversion Potential & Exit Options

31:26 – Final Performa Walkthrough & Tips

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-formIn episode E135 of the REI Hot Seat, Andrew Hines and Brad McCrae break down a unique investment opportunity in Hamilton—a historic heritage property that once belonged to a former mayor.The building features standout architecture, tall ceilings, and spacious units, offering immediate cash flow and multiple value-add strategies. With five current units (including one in the basement), the property presents several avenues for increasing density: adding a studio unit in the basement, legalizing the current non-conforming unit, building into the large attic, or potentially adding a unit off the back of the structure. The property boasts strong fundamentals, including large square footage per unit, a substantial parking lot, and tenant appeal thanks to the character and quality of the finishes. Brad explains how the deal could work well for a house hacker, given the potential to live affordably on-site with as little as 10% down. Financing strategies, CMHC considerations, and potential cash flow scenarios are also discussed. With its charm, upside, and flexibility, this property stands out as a rare and adaptable investment opportunity.Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.Andrew's linktree : https://linktr.ee/theandrewhinesREI Hot Seat Instagram: https://www.instagram.com/reihotseat/Jacob Campagnaro Instagram: https://www.instagram.com/jacob_campagnaro/David Hulshof Instagram: https://www.instagram.com/davehulshof.realestate/E135 CMHC Trick Most Investors Miss00:38 – Why This Property Stands Out01:15 – Cash Flow from Day One + Future Upside04:54 – Basement Height Surprise and Conversion Ideas06:33 – Legalization Potential for Basement Unit10:09 – Financing Strategy and CMHC Considerations11:22 – House Hacking Option with 10% Down12:35 – Cash Flow Projections and Down Payment16:17 – Potential for Backyard Unit AdditionDisclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.---Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In episode E134 of the REI Hot Seat, Andrew Hines, David Hulshof, and Jacob Campagnaro conduct a deep dive into an eight-unit townhouse investment opportunity in Minto, Ontario. 

They emphasize the importance of realistic underwriting in today’s market, highlighting that cash-on-cash returns of 6–7% are increasingly rare and that appreciation can no longer be relied upon as a near-term driver of returns. 

The property under review is separately metered, has below-market rents, and shows potential for significant upside if even one unit turns over at market rates—raising the cash-on-cash return dramatically. 

However, the team underscores that tenant turnover can’t be assumed, especially in buildings occupied by elderly, long-term residents. 

They also explore financing through CMHC, the impact of debt coverage ratios, and the practical challenges of acquiring small multifamily assets with efficient loan terms. 

Beyond the deal analysis, the hosts stress the importance of submitting offers, even below asking price, as a way to shape seller expectations and eventually land quality deals. 

The conversation touches on tenant relations strategies and contrasts multifamily with growing investor interest in industrial and commercial real estate, promising a future episode focused on analyzing a flex-use commercial asset. 

The episode ultimately encourages proactive deal-making and long-term thinking, especially in tertiary markets where opportunities can still be created with patience and creativity.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

Jacob Campagnaro Instagram: https://www.instagram.com/jacob_campagnaro/

David Hulshof Instagram: https://www.instagram.com/davehulshof.realestate/

E134 Real Estate Math Most Investors Are Still Getting Wrong

01:14 – Minto Townhouse Deal Overview

03:35 – Expense Ratio & Rent Breakdown

06:34 – Listing Price vs Market Value

07:15 – Why You Should Submit Offers

09:43 – CMHC Financing Breakdown

13:06 – Cash Flow & Turnover Potential

16:00 – Tenant Profile Considerations

21:00 – Long-Term Upside Strategy

24:30 – Creating On-Market Deals

25:38 – Rise of Industrial & Commercial

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In episode E133 of the REI Hot Seat, Andrew Hines and David Hulshof present a deep-dive into a 27-unit, three-building portfolio in Cobalt, Ontario, spotlighting a rare investment opportunity in a town undergoing economic revival. 

The centerpiece of the discussion is the town’s strategic importance as a cobalt mining hub, now revitalized by a $25 million USD capital injection—$20 million from the U.S. military and an additional $5 million from the Canadian government. 

This funding aims to reestablish North American cobalt production amid rising demand for electric vehicle batteries and reduced reliance on ethically questionable foreign sources.

The hosts discuss the implications of investing in a "one-trick pony" mining town, acknowledging the inherent risks but highlighting how dramatically low acquisition costs—just $35K per unit—paired with a full BRRRR strategy (Buy, Renovate, Rent, Refinance, Repeat) create a powerful upside scenario. 

The buildings, recently upgraded with over $750K in capital expenditures, still offer room for further renovation and rent optimization, with projected cash-on-cash returns and a refinance-based capital recycle that could leave investors with nearly zero money left in the deal and $27K in annual cash flow.

They also touch on current market dynamics—uncertainty, pricing pressure, and how only the most compelling deals are selling—as well as the importance of strategic pricing and investor discipline in today’s climate. 

With population in Cobalt projected to rebound due to the mining resurgence, this deal is pitched as a calculated bet on a town at the leading edge of a commodity-fueled comeback. 

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

Jacob Campagnaro Instagram: https://www.instagram.com/jacob_campagnaro/

David Hulshof Instagram: https://www.instagram.com/davehulshof.realestate/

E133 From Forgotten Town to Investment Goldmine?

02:00 U.S. Military & Canadian Government Invest $25M USD

04:59 Only Compelling Deals Are Selling

07:49 Deal Overview: 27 Units for $950K

10:20 Modelling the BRRRR Strategy

14:00 Projected Returns & Cash Flow

16:56 Cobalt’s History & Future Outlook

19:15 Deal-in-a-Box Approach

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In episode E132 of the REI Hot Seat, Andrew Hines is joined by David Hulshof and Jacob Campanaro for an in-depth analysis of a 17-unit apartment building in Goderich, Ontario. 

The trio dives deep into the numbers, evaluating the building's current and projected performance using a CMHC-insured loan model. 

They discuss total return vs. cash-on-cash return, highlighting that smart investors must account for both operational costs and long-term capital expenditures (capex), such as roofs, boilers, and windows, even when they don’t immediately impact rent.

The property is a purpose-built structure with a steel roof and most utilities passed through to tenants. 

The team estimates a 5.5% cash-on-cash return with $32,000 annual net income on a $585,000 investment at a $3 million purchase price. 

Jacob also highlights the rare value of handicap-accessible units, which can command higher rents, and they touch on the potential of small-town Ontario markets like Goderich and Kincardine, which have strong rent demand, higher-than-expected incomes, and lifestyle appeal. 

The episode wraps with advice on analyzing deals quickly using gross rents, cap rates, and value-add projections, showcasing the Goderich property as a solid hybrid between turnkey and value-add investment, with potential for long-term appreciation and stable cash flow.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

Jacob Campagnaro Instagram: https://www.instagram.com/jacob_campagnaro/

David Hulshof Instagram: https://www.instagram.com/davehulshof.realestate/

E132 What Smart Investors Should Look for in Multifamily Deals?

00:50 – Overview of 17-Unit Goderich Deal

03:58 – Seller’s Price & Renovation Status

05:07 – Accessible Units and Rental Premiums

07:31 – Small-Town Rent Potential & Demographics

09:45 – Parking, Storage & Revenue Opportunities

11:37 – Realistic Property Management Costs

14:59 – Operating Expense (OPEX) Benchmarks

19:09 – Deal Breakdown & Financing with CMHC

21:37 – Understanding Capital Expenditures (CapEx)

24:59 – Adjusting Cap Rate for Renovations

29:03 – Stabilized Value vs. Purchase Price

31:30 – Hybrid Deal Strategy Summary

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In episode E131 of the REI Hot Seat, Andrew Hines and Jacob Campagnaro dive into the growing appeal of industrial real estate as an alternative to multifamily investing—especially for those frustrated with Ontario’s landlord-tenant regulations. 

Unlike residential properties, commercial leases fall under contract law, giving landlords more control and fewer bureaucratic hurdles. 

The episode focuses on a Burlington, Ontario listing and explains the fundamentals of the small bay industrial asset class—properties typically used by tradespeople and small manufacturers that feature flexible-use units with roll-up doors.

Jacob outlines why investor interest in industrial assets is surging: rising cap rates in multifamily, recession-proof tenant demand, and leaner operating models through triple net leases (NNN), where tenants cover taxes, maintenance, and insurance. 

He contrasts this with gross leases and emphasizes the importance of understanding lease structures. 

Due diligence is also covered in depth, including building condition assessments, environmental reports, and lease audits—highlighting risks like contamination and lease expiry clustering. 

They also touch on financing challenges for partially vacant commercial assets and suggest strategies like vendor take-back mortgages (VTBs) to bridge gaps before refinancing.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E131 Why Aren’t More Investors Buying Industrial Properties?

00:40 Intro

02:08 Industrial?

07:03 Location, Demand & Tenant Mix

10:48 Deal Breakdown: Burlington Property

15:35 Triple Net (NNN) vs. Gross Leases

21:42 Due Diligence & Environmental Risk

25:09 Lease Terms & Financing Challenges

28:16 Entry Costs & Scaling Industrial

30:02 Community, Meetups & Final Thoughts

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E130 of the REI Hot Seat, Andrew Hines, Brad McCrae, and David Hulshof dive into a compelling off-market 15-unit deal in Port Dover, Ontario. 

The property, geared toward a senior demographic, offers immediate cash flow and strong long-term upside, with tenants already preparing to vacate, providing natural turnover opportunities. 

Priced at $2.1M, the deal boasts a 5.8 cap rate at purchase, 7% cash-on-cash return, and is fully metered for utilities—making it extremely landlord-friendly.

The trio discusses the broader appeal of investing in Ontario's smaller towns, especially as housing demand continues to rise amid growing immigration. 

They highlight how tertiary markets like Port Dover offer deep value compared to urban centers, with strong rental potential and CMHC-backed financing options that make deals like this both accessible and profitable.

While small towns pose challenges for gathering data, the team outlines a process of validating assumptions with local property managers to ensure accuracy.

They also contrast the stability of Ontario markets—fuelled by sustained population growth—with more volatile U.S. cities where population decline can be a concern. 

With nearly every unit currently under market rent, the building has substantial built-in upside. Andrew, broadcasting from sunny Florida, even hints that deals like this might just pull him back into Ontario investing. 

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E130 Why Investors Are Quietly Fleeing Cities for Deals Like This One?

00:50 – Overview of the Deal

01:33 – Port Dover’s Lifestyle and Demographic Breakdown

02:31 – Estimating Rents in Tertiary Markets

03:44 – Using Nearby Towns for Rent Comparables

04:41 – Deep Discounts in Small-Town Acquisitions

05:39 – Immigration Trends and Housing Demand in Ontario

06:47 – Direct-to-CMHC Financing Strategy

07:18 – Deal Breakdown: Price, Cap Rate, Utilities

09:24 – Cash Flow, DCR, and Investor Returns

16:01 – Building Age, Condition, and Final Thoughts

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E129 of the REI Hot Seat, Andrew Hines and Jacob Campagnaro explore a unique mixed-use value-add opportunity in Simcoe, Ontario. 

They highlight a downtown building currently consisting of five fully renovated and leased residential units upstairs, two street-facing commercial units, three unfinished but permit-ready residential units on the main floor, and additional commercial office space in the basement. 

The property is listed “as is” for $1.55 million, with the potential for a projected monthly rent roll of nearly $20,000 once stabilized.

With a projected net operating income of $170,000, the cap rate on the asking price is roughly 10.9%, dropping to 9% after factoring in an estimated $300,000 in renovations. 

Andrew and Jacob note that, based on anticipated post-renovation appraisal values close to $2.9 million, investors could execute a classic BRRRR strategy—potentially pulling most or all of their invested capital out at refinance.

Andrew and Jacob emphasize the advantages of targeting smaller Ontario towns for these kinds of conversions, pointing out that local municipalities are often more accommodating than big cities, and rents remain surprisingly strong relative to purchase prices. 

They also stress that their team offers investors a “deal in a box,” complete with pre-arranged financing options (both traditional and CMHC), broker relationships, and all required documentation, making the process as seamless as possible.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E129 How Small Town Investing Crushes in 2025

00:52 – Simcoe Property Intro & Location

01:48 – Mixed-Use Setup: Residential Over Commercial

02:21 – Main Floor Condition & Permit Status

04:09 – Zoning, Conversions & Municipal Flexibility

06:48 – Unit Quality & Rents Achieved

10:49 – Sale Price, Bridge Financing, and BRRRR

13:29 – Deal-in-a-Box Approach & Investor Support

15:57 – Cap Rate Math & Value-Add Analysis

18:22 – Exit Valuation & Appraisal Insights

20:17 – Small Town Growth Trends

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E128 of the REI Hot Seat Andrew Hines shares a concise, high-level guide to buying multifamily real estate in Ontario and across Canada. 

He breaks down the key differences between residential and commercial financing, emphasizing the advantages of scaling with commercial loans and CMHC-insured options like MLI Select, which can offer up to 95% loan-to-value and extended amortizations. 

Andrew also explains how to leverage vendor take-back (VTB) mortgages, seller financing, and joint venture partnerships to minimize capital outlay and boost cash flow.

The episode covers essential due diligence steps—including analyzing rent rolls, verifying expenses, ordering building condition and environmental assessments—and outlines best practices for ownership structure, tax efficiency, and insurance. 

With insights on using CMHC underwriting guidelines to evaluate deals consistently, this episode is a must-listen for real estate investors looking to scale smartly in today’s market.

Learn how to buy multifamily real estate in Ontario and across Canada with expert insights from Andrew Hines. 

This episode covers commercial vs. residential financing, CMHC and MLI Select mortgage programs, vendor take-back (VTB) strategies, due diligence checklists, and corporate structuring tips. Ideal for new and experienced investors looking to scale their real estate portfolio, boost cash flow, and navigate multifamily investing with confidence.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E128 The Ultimate Canadian Guide to Scaling Your Multifamily Portfolio

01:15 – Residential vs. Commercial Financing

03:30 – CMHC & MLI Select Explained

06:40 – Vendor Take-Back (VTB) & Creative Deal Structuring

08:20 – Cash Flow Spreadsheet & DCR Basics

09:35 – Corporation vs. Personal Ownership

13:45 – Liability, Insurance & Corporate Costs

14:30 – Joint Ventures: Raising Capital Without Your Own

15:40 – Due Diligence Checklist: Rent Rolls, Expenses & Inspections

17:30 – Environmental Assessments & Appraisals

20:00 – Standardizing Analysis with CMHC Guidelines

22:15 – Under-Rented Units, Title Issues & Appraisal Tips

24:00 – Thinking Like a Lender & Long-Term Strategy

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E127 of the REI Hot Seat, Andrew Hines is joined by Jacob Campanaro and Brad McRae to break down a purpose-built sixplex investment opportunity in Hamilton, Ontario. 

The building features three recently renovated units ready to rent at market rates and three legacy tenants with significantly below-market rents, offering a clear value-add play for investors. 

There's also potential to add two basement units, as these were previously constructed but shut down by the city — meaning existing plumbing and electrical rough-ins could help lower renovation costs. 

The team discusses the potential for mid-term furnished rentals given the building’s proximity to Juravinski Hospital, appealing to traveling nurses and healthcare workers. 

Financially, the project could be executed with a BRRRR strategy, refinancing with CMHC for favorable terms and potentially recovering most invested capital within 6-9 months. 

The discussion also touches on broader market sentiment, with buyers remaining active but cautious, looking for turnkey deals and solid due diligence amid economic uncertainty and U.S. tariff developments. 

The hosts emphasize that seasoned investors are still buying, seeing current conditions as an opportunity to dollar-cost average and strengthen portfolios while being selective. 

The episode closes with advice to join the insiders list for early access to off-market deals like this one.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E127 Why Investors Are Still Buying In This Market?

00:51 — Hamilton Sixplex Overview

03:00 — BRRRR Potential & Strategy

05:30 — Property Walkthrough & Location

07:10 — Mid-Term Rental Opportunity

09:40 — Deal Numbers & Projections

13:15 — Financing & CMHC Strategy

18:10 — Renovation Budget & Challenges

21:00 — Market Hesitation & Buyer Mentality

24:00 — Long-Term Real Estate Outlook

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E126 of the REI Hot Seat, Andrew Hines shares a solo update from Florida, focusing on a recent small land flip his team completed in Inverness, Florida. 

He emphasizes the value of “singles”—smaller, low-effort deals that can still yield solid profits. 

In this case, they purchased a half-acre lot for $12,687, cleared a portion of it to help buyers visualize its potential, and sold it for $27,500, netting a gross profit of $7,375 after fees. 

Andrew draws a parallel between staging houses and land, noting how simple improvements like clearing brush can significantly boost buyer interest. 

He explains their strategy of buying land at 40–50 cents on the dollar and being content with selling at 80% of market value due to the built-in margin. 

These quick flips often involve minimal work—no tenants, utilities, or complex repairs—and are sometimes listed even before closing using double-close techniques. 

Andrew highlights how land deals are scalable, efficient, and increasingly profitable, especially when managed with systems and delegated tasks like paperwork. 

He closes with a reminder to join their insider list for access to off-market deals and previews upcoming changes, including remote episodes and a new studio setup.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E126 Quick Deal, Zero Travel, $7,375 Profit in a Few Weeks

00:48 – Small Deals with Big Impact

02:20 – Lot Clearing Strategy That Drives Offers

04:01 – Deal Breakdown

05:59 – How We Sell Land Fast—Even Before Owning It

07:32 – Scaling the Business by Delegating Details

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-formIn E125 of the REI Hot Seat, Andrew Hines breaks down a recent Florida land flip where he and his partner bought and sold a property within minutes, earning $67K through a double close. Andrew shares lessons learned about handling inherited properties, minimizing risk through transactional funding, and scaling their off-market land flipping business—highlighting systems, cold calling, and his team’s growth. The episode reflects on their first profitable year and sets the stage for bigger plans ahead.Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.Andrew's linktree : https://linktr.ee/theandrewhinesREI Hot Seat Instagram: https://www.instagram.com/reihotseat/E125 Can You Really Flip Land Without Using Your Own Money?00:43 – The Wildest Flip: Bought & Sold in 20 02:03 – First Double Close Deal Explained 03:56 – Negotiating the Deal 06:32 – Due Diligence, Renegotiation, and Closing Delays 10:13 – Can You Really Flip Land with No Money Down? 12:49 – Partnering & Scaling Operations 14:22 – First-Year Profits & Proof of Concept 15:47 – Insider List Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.---Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E124 of the REI Hot Seat, Andrew Hines and Jacob Campagnaro return with another live deal analysis episode, focusing on how to quickly evaluate whether a real estate listing passes the “sniff test.” 

They emphasize the importance of providing feedback to realtors when analyzing deals, noting that this can spark productive negotiations even when a deal doesn't initially work. 

The episode breaks down three distinct listings: a 10-unit non-purpose-built Victorian-style apartment in Hamilton, a renovated duplex in Chatsworth, and a purpose-built 18-unit building in Kitchener. 

Each is examined using various investor metrics including dollar-per-door, cap rate, and the “0.65 rule,” which compares monthly rent to purchase price. 

They explore the pros and cons of purpose-built vs. non-purpose-built buildings, highlighting that many non-purpose-built properties offer strong cash flow potential despite higher maintenance risks. 

The episode also touches on financing conditions, discussing how recent drops in bond yields could make more deals viable. 

They conclude by encouraging viewers to engage with realtors, share feedback, and get on insider lists to access off-market opportunities.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E124 Is This the Fastest Way to Analyze a Deal?

00:45 – Intro

03:03 – Deal #1: 10-Unit Non-Purpose-Built in Hamilton

12:33 – Deal #2: Renovated Duplex in Chatsworth

18:20 – Deal #3: 18-Unit Purpose-Built in Kitchener

26:11 – Importance of Feedback to Realtors

26:48 – Bond Yields & Financing Strategy

29:23 – Off-Market Deals & Insider Access

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In episode E123 of the REI Hot Seat, Andrew Hines, Brad McCrae, and David Hulshoff discuss how fear-driven decision-making is impacting real estate investing, particularly regarding concerns over incoming U.S. tariffs. 

The discussion highlights how even experienced investors with large portfolios are pausing their acquisitions due to uncertainty, while others see this period as an opportunity to leverage debt before inflation further erodes currency value. 

They explore a compelling off-market deal in Windsor—a 16-unit purpose-built building with minimal capital expenditure needed, market rents, and a strong cap rate. 

The hosts emphasize how structuring deals with direct-to-CMHC financing allows investors to secure long-term, low-cost debt and benefit from asset appreciation over time. 

The conversation also touches on how larger, seasoned investors remain confident in the market’s long-term trajectory, while newer investors hesitate due to short-term economic volatility. 

They argue that inflation, supply shortages, and government interventions are likely to drive property values higher, making real estate a strong hedge against economic uncertainty. 

The hosts stress that waiting for market stability may mean missing out on some of the best deals available today.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E123 Are You Missing Out on Once-in-a-Decade Deals?

01:09 Breaking Down a 16-Unit Off-Market Deal

02:11 Direct-to-CMHC Financing Advantages

08:54 Market Shifts & Investor Mindsets

13:33 How Tariffs Are Impacting Real Estate Decisions

17:14 New Development Slowdown & Future Housing Crisis

19:32 Why Smart Investors Are Buying Now

25:13 Final Thoughts & Market Takeaways

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

E122 of the REI Hot Seat with Andrew Hines and Jacob Campagnaro covers a broad discussion on tariffs, market trends, and investment strategies.

Andrew begins by analyzing the impact of U.S. tariff threats under Trump, explaining how the mere discussion of tariffs has already influenced North American manufacturers to shift operations away from Canada. 

He argues that retaliatory tariffs by Canada would be counterproductive, as the U.S. economy is far less dependent on Canadian imports.

The conversation then shifts to market sentiment, where fear and uncertainty dominate, causing many investors to hesitate despite the availability of good deals. 

Andrew and Jacob discuss the real estate market, particularly in multifamily housing, emphasizing that while there may be short-term instability, essential housing remains a strong investment. 

They highlight how inflation concerns are driving wealthy investors toward hard assets like real estate, reinforcing the idea that now is an opportune time to buy. 

The discussion expands to leasing, noting shifts in office space demand, with companies opting for smaller satellite offices instead of large centralized spaces. 

They also touch on retail and industrial leasing trends, with industrial spaces remaining strong and retail seeing a resurgence in key locations. 

The episode concludes with a call to action for investors to capitalize on market opportunities while remaining cautious and strategic.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E122 Are Tariffs Secretly Reshaping the Real Estate Market?

02:15 Canada’s Risk

03:43 Retaliation Trap

05:54 Market Fear

08:49 Time to Buy?

10:46 Inflation vs. Recession

12:43 Multifamily Cap Rates

17:07 Essential Housing

22:42 Commercial Leasing Shift

28:35 Retail & Industrial

30:47 Smart Money Moves

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E121 of REI Hot Seat, Andrew Hines is joined by Brad McCrae to discuss a nine-unit residential building investment opportunity in Port Colborne, Ontario. The building, originally mixed-use but converted to fully residential years ago, offers a compelling value-add opportunity with seven of the nine units currently vacant. Brad highlights the strategic advantage of this project, particularly given the expected housing demand surge driven by the $1.5 billion battery plant investment in the region, projected to bring over a thousand jobs. The plan involves minimal renovations, with an average budget of $20,000 per unit and additional basement storage for extra income. The goal is a full cash-out refinance within a year, making it an ideal BRRR strategy. The discussion expands into broader economic trends, including the impact of rental market shifts, immigration, and macroeconomic factors like tariffs and interest rates. Andrew and Brad explore the potential long-term implications of tariffs on inflation, rent, and investment decisions, emphasizing how market fluctuations create opportunities for savvy investors. The episode concludes with insights into financing, expected cap rates, and the benefits of investing in secondary and tertiary markets like Port Colborne, where strong fundamentals and lower competition provide room for attractive deals. They also discuss the role of AI in streamlining investment research and decision-making, before wrapping up with a reminder to join the REI Hot Seat insiders list for exclusive off-market deals.Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.Andrew's linktree : https://linktr.ee/theandrewhinesREI Hot Seat Instagram: https://www.instagram.com/reihotseat/E121 The #1 Mistake Investors Make in Small Markets?01:27 - Market Fundamentals & Economic Growth in Port Colborne07:51 - Investment Strategy – The Perfect BRRRR?09:54 - Financial Breakdown & Cash Flow Analysis14:54 - Tariff Discussion & Potential Economic Implications18:06 - Property Features & Upgrade Opportunities19:32 - AI, Research, & The Future of InvestingDisclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.---Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E120 of REI Hot Seat, Andrew Hines is joined by Brad McCrae and Jacob Campagnaro to discuss a quick and efficient approach to analyzing multifamily real estate deals. 

They highlight common pricing mistakes made by agents unfamiliar with multifamily properties and the "broken telephone effect," where misinformation about pricing becomes entrenched. 

The conversation focuses on shortcut methods investors can use to determine if a property is worth a deeper financial analysis. 

Key techniques include assessing dollar per door values, comparing rent-to-purchase price ratios, and recalculating cap rates using realistic expense estimates rather than trusting listing figures.

They also emphasize the importance of checking Google Street View to identify potential red flags in a property's surroundings before visiting in person. 

The team reviews two on-market multifamily listings, discussing price discrepancies and the advantages of purpose-built properties over retrofitted ones. 

They stress that off-market deals dominate the industry, with about 80% of transactions happening privately through investor networks. 

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E120 How Do Experienced Investors Analyze Deals in Minutes?

0:57 – Intro

2:19 – The "Quick and Dirty" Multifamily Analysis Method

2:53 – Key Metrics: Dollar Per Door, Rent-to-Price Ratio, and Cap Rates

6:52 – Why Cap Rates in Listings Are Often Misleading

10:33 – How to Use Quick Math to Determine If a Deal Is Worth Pursuing

12:17 – Purpose-Built vs. Retrofit: Why It Matters for Investors

17:29 – Pricing Red Flags: When $300K Per Door Doesn’t Make Sense

20:12 – Off-Market Deals: Why 80% of Transactions Happen Privately

21:51 – The Importance of Using Google Street View Before Visiting Properties

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E119 of the REI Hot Seat, Andrew Hines and David Hulshof analyze an on-market nine-unit apartment deal in Hamilton, discussing its financials, debt structure, and value-add potential. 

They emphasize the importance of cap rates, financing strategies, and structuring deals wisely to maximize returns. 

The listing price is $1.89M (210K per door) with a 4.67% cap rate, which they consider too low given current debt rates.

To make the deal more attractive, they propose an offer of $1.6M, which would increase the cash-on-cash return to over 4%.

Key value-add opportunities include introducing paid parking ($50 per spot) to boost cash flow, securing CMHC financing for better debt terms, and potential rent increases for under-market units. 

They highlight that negotiation, deal structuring, and identifying overlooked revenue streams are critical to making an investment work. 

The episode wraps up with a discussion about renaming “hybrid” deals to better define this investment approach and a reminder for listeners to engage with their insiders' list for off-market opportunities.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E119 Can a Low Cap Rate Deal Still Make You Money?

02:14 - Why Cap Rates Matter

04:21 - Creative Financing Strategies

07:00 - Finding Hidden Value

08:04 - The Power of Paid Parking

10:00 - Negotiation Tactics

11:20 - Making the Deal Work

12:30 - Lessons for Investors

13:08 - What’s Next?

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E118 of the REI Hot Seat, Andrew Hines and David Hulshof analyze a unique off-market 12-townhome multifamily deal in Walkerton. 

They discuss the financial structure, highlighting an assumable CMHC-backed 50-year loan with 95% loan-to-value, minimizing upfront capital requirements. 

The deal benefits from zero owner-paid utility costs, strong rental income (with some units reaching $2,700/month), and additional potential value-adds, including storage unit conversions.

The conversation emphasizes investor strategy, covering net worth requirements for CMHC financing, cash flow projections (~$2,200/month), and long-term rent appreciation. 

They also explore how sellers structure deals by evaluating market conditions and potential buyer perspectives. 

The episode concludes with insights on insider access to off-market deals, best practices for multifamily investing, and strategies for optimizing property management.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E118 Is This the Easiest Multifamily Investment You’ll Ever Find?

00:34 – Intro

01:17 – Reverse Engineering a Deal

02:54 – 12-Unit Walkerton Deal Overview

04:19 – CMHC Loan Benefits

06:09 – True Investment Costs

07:18 – Renovation & Value-Add

09:46 – Rental Income Breakdown

12:27 – Zero Utility Costs

15:33 – Cash Flow & Future Potential

18:13 – CMHC & Lender Requirements

22:13 – Maximizing Storage & Parking Income

23:21 – Finding Off-Market Deals

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E117 of the REI Hot Seat, Andrew Hines is joined by Brad McCrae and David Hulshof for an in-depth discussion on the pros and cons of owning real estate through a corporation versus personal ownership. 

They highlight key benefits of corporate ownership, including liability protection, tax advantages, and flexibility for raising capital or structuring partnerships. 

The team also discusses the challenges, such as higher costs, additional administrative responsibilities, and complexities in accounting.

The conversation underscores the importance of long-term planning, optimizing return on equity, and working with experienced professionals like accountants, lawyers, and brokers who specialize in real estate. 

Brad and David emphasize the value of aligning your team to ensure smooth communication and maximizing efficiency in deal-making.

The episode wraps up with practical advice for real estate investors, including when to set up a corporation, tailoring strategies to individual goals, and accessing exclusive tools and resources through the REI Hot Seat Insiders program.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E117 Are You Making These Costly Investment Mistakes?

00:33 - Corporation vs Personal Ownership

01:15 - Mortgage Challenges

02:24 - Setting Up a Corporation

03:16 - Liability Protection

05:08 - Costs of Incorporation

06:02 - Tax Reduction Strategies

07:40 - Importance of Expert Advice

11:59 - Portfolio Optimization

15:37 - Corporate Ownership Benefits

18:36 - Collaboration Among Experts

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E116 of the REI Hot Seat, Andrew Hines is joined by Brad McCrae and David Hulshof to analyze an on-market 12-unit multifamily property in Wasaga Beach. 

The team explores the potential of the property, emphasizing its cash flow, development opportunities, and creative financing strategies through CMHC. 

Key highlights include leveraging the property's location near new developments, such as a recently built casino, and the benefits of holding cash-flowing properties while working on development plans. 

They also discuss Airbnb arbitrage, the importance of due diligence (e.g., environmental inspections and lease reviews), and strategies for negotiating favorable financing terms. 

This episode underscores the viability of on-market deals in secondary markets for investors who prioritize safety, sustainability, and incremental value-add opportunities.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E116 Do Profitable On-Market Deals Still Exist?

0:46 Exploring an On-Market Deal

1:56 Wasaga Beach Property Breakdown

3:00 Highest and Best Use: Development Potential

4:17 Cash Flow and Airbnb Strategies

7:12 Rent Lifts and Stabilized Value

9:00 Refinancing vs Selling Approaches

12:00 Building CMHC Conditional Clauses

18:00 Local Market Dynamics in Wasaga Beach

20:00 Why Wasaga Beach is a Thriving Market

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

asdfBecome an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E115 of the REI Hot Seat, Andrew Hines and David Hulshof analyze an 11-unit off-market multifamily property in Kitchener, Ontario, discussing its potential as a hybrid investment with a mix of turnkey stability and value-add opportunities. 

They delve into the property's financials, highlighting its cash flow potential under CMHC financing, undervalued parking and storage fees, and prospects for rent increases.

The duo also emphasizes the importance of off-market deals, effective property management, and environmental due diligence for multifamily investments. 

They conclude with insights into transitioning from smaller properties to larger multifamily investments and the educational support offered through their REI Hot Seat Insiders List. 

This episode provides a deep dive into the mechanics of evaluating multifamily properties, making it an informative session for real estate investors.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E115 Why Are 90% of Current Multifamily Deals Happening Off-Market?

1:09 - Overview of the 11-Unit Property

4:02 - Property Financials and Metrics

12:22 - CMHC Financing Explained

18:00 - Opportunities for Cost Reduction and Income Growth

22:01 - The Value of Off-Market Deals

23:29 - Education and Insider Resources

23:43 - Closing Remarks

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E114 of the REI Hot Seat, Andrew Hines and Jacob Campagnaro, discuss a turnkey triplex investment opportunity in St. Catharines, Ontario, highlighting its potential for entry-level and smaller-scale investors. 

The property features two one-bedroom units and one three-bedroom unit, with additional income opportunities through storage lockers or converting the basement into a fourth unit. 

They delve into investment strategies, including leveraging a Vendor Take-Back (VTB) mortgage to minimize the down payment and maximize cash flow. 

The discussion emphasizes the importance of tenant management, suggesting the use of virtual assistants and vendor lists for maintenance to streamline operations. Value-add options, such as adding basement storage lockers, could increase property value by an estimated $36,000 at a 5% cap rate. 

The episode concludes with a call for audience feedback to tailor future content, making it an informative session for investors looking to refine their strategies and explore creative financing solutions.

Contact Jacob directly through his Instagram if you have any questions or suggestions for future episodes: https://www.instagram.com/jacob_campagnaro/

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E114 The Perfect First Investment Property?

0:40 - Intro

1:17 - Triplex Property Overview

2:57 - Vendor Take-Back (VTB) Mortgage Strategy

4:55 - Financing Details and Buyer Strategy

8:50 - Property Management Tips

16:08 - Adding Value Through Storage Lockers

18:26 - Final Thoughts

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E113 of the REI Hot Seat, Andrew Hines and Jacob Campagnaro sit down with Dave Atwell, co-founder of HoneyTree Grow, to explore the opportunities and challenges of converting hotels into multifamily housing. 

Atwell discusses the evolution of his investment strategy, from hospitality automation to housing conversions, highlighting the potential of CMHC financing and the growing demand for affordable housing. 

The episode dives into zoning flexibility, municipal cooperation, and how aligning with social causes like affordable housing can streamline projects. 

Atwell also explains the financial intricacies, such as managing operational expenses, leveraging value-add strategies, and securing cash flow in secondary and tertiary markets. 

The conversation provides valuable insights for investors looking to adapt to market trends, with a strong focus on mitigating risk and optimizing cash flow through innovative real estate strategies.

For more information or to contact David Atwell, visit honeytreegrow.ca, email info@honeytreegrow.ca, or call 416-712-2876.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E113 Is Affordable Housing the Future of Smart Investments?

0:34 - Dave’s Journey with Honey Tree

1:07 - Leveraging Technology and Automation in Hospitality

4:00 - Pivoting from Hospitality to Multifamily Investments

5:00 - Municipality Cooperation for Affordable Housing

6:04 - Mixed-Use Properties and Zoning Challenges

10:02 - CMHC Financing for Furnished Rentals

13:26 - Secondary and Tertiary Market Opportunities

15:52 - Partnering with Municipalities for Housing Projects

21:05 - Final Advice

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Offer open to Accredited Investors Only: https://grottoinvest.com

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E112 of the REI Hot Seat, Andrew Hines and Jacob Campagnaro discuss their glamping site near Tobermory, Ontario, which they’ve transformed from a traditional campground into a premium glamping destination. 

With 70 bylaw-approved spots, including 30 currently used for glamping, they focus on creating a unique guest experience. 

Their plans include adding amenities such as hot tubs, saunas, activity areas, and blanket Wi-Fi, as well as introducing high-end accommodations with modern features like full-sized beds, kitchens, and bathrooms. 

Their goal is to appeal to a broad audience, including those who may not traditionally camp, while turning the site into a self-contained destination leveraging the natural beauty of the area.

They reflect on the challenges and successes of transitioning from low-revenue seasonal campers to high-value guests. By using customer feedback and strategic investments, Andrew and Jacob aim to enhance the site’s reputation, lengthen stays, and create memorable, Instagram-worthy experiences. 

The discussion also covers their equity raise efforts, which are open to Accredited Investors Only, to fund further improvements and expansion into premium offerings, underscoring their commitment to scalability and profitability.

To learn more about our glamping resort check out: https://www.grottogetaway.com

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E112 What Makes This Glamping Site a Top Pick for Investors?

01:17 - Campground Overview

02:02 - Equity Updates

05:03 - Glamping Expansion

06:01 - New Amenities

10:38 - Regulatory Flexibility

14:01 - Glamping Transition

18:23 - Investment Outlook

23:01 - Risk Mitigation

26:01 - Customer Feedback

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E111 of the REI Hot Seat, Andrew Hines and Jacob Campagnaro delve into the economic and market dynamics affecting real estate investors, focusing on tariffs, interest rates, and investment strategies. 

They discuss the potential impact of a proposed 25% tariff on Canadian goods by Donald Trump, highlighting its inflationary effects, reduced demand for Canadian exports, and weakened currency value. 

While this could strain the economy, they note that real estate assets might appreciate in such an environment due to inflation. 

The conversation also touches on expectations of declining interest rates, which could lead to higher real estate valuations over time, though they caution against expecting immediate changes. Investor sentiment is shifting positively, with increasing interest, particularly from U.S. investors leveraging favorable exchange rates to explore Canadian opportunities. 

The Andrew and Jake stress the importance of focusing on cash-flowing, hard assets to weather economic fluctuations and encourages investors to seek deals by working with market experts.

Additionally, they emphasize the need for diversification but maintain that real estate remains a cornerstone of long-term portfolio growth. 

The episode wraps-up with an announcement of a comprehensive commercial real estate buying course to aid investors and a call for listeners to join their insider network for exclusive off-market deals and updates.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E111 Can Canada Survive Trump’s Economic Pressure With a 25% Tariff?

2:00 - Economic Impact of Tariffs

5:00 - Real Estate and Inflationary Assets

9:00 - U.S. Investors Eyeing Canadian Opportunities

13:00 - Interest Rates and Market Outlook

16:00 - Market Sentiment Shifts

19:00 - Investment Strategies for Uncertainty

21:00 - Insider Deals and Networking Opportunities

22:00 - Upcoming Resources: Commercial Buying Course

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E109, Andrew Hines reviews a Fort Lauderdale flip deal that presented both challenges and lessons. 

Initially purchased for $750,000 (down from an asking price of $1.1M), the property was intended for renovation. 

However, market demand for rebuilds led to a strategy pivot, selling it for land value instead. 

Although the first buyer failed to close, Andrew recovered the $50,000 deposit and eventually sold the property for $935,000 after navigating legal and market hurdles.

Despite delays and extra costs, the deal netted a $121,000 profit after factoring in carrying costs, legal fees, and minor repairs. 

Andrew stresses the importance of working with reliable title companies, securing proof of funds from buyers, and maintaining flexibility to adapt strategies. 

These steps helped ensure the deal remained profitable, even in a softer fall market.

The episode also highlights Hines’ broader U.S. real estate strategy, which involves expanding into Texas and Georgia with a systematic approach to acquisitions. 

He emphasizes consistent metrics, such as buying at 70% of market value minus renovation costs, to safeguard profitability. 

This case study reinforces the value of adaptability, clear processes, and a strong team in real estate investing.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E110 When a Buyer Walks Away from a $935k Deal?

0:20 - Intro

0:44 - Deal Overview: Fort Lauderdale Flip

2:30 - Negotiating the Purchase Price

3:55 - The First Buyer’s Complications

5:00 - Legal Challenges and Recovering the Deposit

7:12 - Relisting and Market Softness

8:30 - Final Sale and Lessons Learned

10:00 - Adapting to U.S. Market Differences

12:30 - Team Insights: Acquisitions and Sales Process

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E109 of the REI Hot Seat, Andrew Hines, along with guests David Hulshof and Brad McCrae, centers the conversation on how Donald Trump’s re-election could impact Canada, particularly the real estate market. 

In E109 of the REI Hot Seat, Andrew Hines, Brad McCrae, and David Hulshof discuss a promising property deal near Bruce Power, Ontario. 

The property stands out for its financing flexibility, qualifying for CMHC programs with only a 15-17% down payment, allowing for immediate positive cash flow. 

It offers significant development potential, with existing income from 12 storage units and the ability to expand with up to 16 additional residential units. 

The discussion highlights the advantages of investing in smaller communities, where municipalities are more cooperative, making zoning and permitting processes simpler than in urban areas.

They also explore efficiency upgrades, including adding coin-operated laundry and heat pumps, to increase cash flow and tenant satisfaction. 

The team highlights the deal's low-risk nature, supported by multiple income streams and development opportunities, making it ideal for investors seeking stable returns and growth potential. The episode concludes with a teaser for upcoming REI courses and a call for audience suggestions.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E109 How to Develop Properties Without Draining Cash Flow?

1:05 - Intro

2:01 - CMHC Financing and Cash Flow Potential

4:45 - Adding Value with Storage Units

9:20 - Affordable Rents and CMHC Points System

13:50 - Efficiency Upgrades and Coin-Op Laundry

16:05 - Development and Expansion Plans

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E108 of the REI Hot Seat, Andrew Hines, along with guests David Hulshof and Brad McCrae, centers the conversation on how Donald Trump’s re-election could impact Canada, particularly the real estate market. 

They discuss Canadian real estate’s resilience as an inflation hedge, noting that inflation, supply shortages, and recent buyer trends underscore its appeal for stability as both institutional and retail investors return to the market.

The discussion forecasts that Trump’s policies—such as tariffs, GMO bans, and government program cuts—could drive inflation, potentially increasing import costs for Canadians and weakening demand for Canadian exports. 

Additionally, they examine Trump’s announced deportation policies, predicting a possible wave of immigrants seeking asylum and refuge in Canada, which could drive housing demand and further strain the real estate market.

As Bitcoin and other assets experience volatility, the group emphasizes how these policies may reinforce the value of fixed, cash-flowing assets like real estate. 

They caution listeners to remain focused on long-term investment goals, stressing cash flow and stability over speculation. 

This episode provides valuable insights for investors aiming to navigate the economic uncertainties tied to U.S. policy changes, positioning Canadian real estate as a safe haven in turbulent times.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E108 What’s at Stake for Investors with Trump Back in Office?

1:02 - Trump’s Re-election & Economy

1:57 - Inflationary Policies Impact

3:00 - Bitcoin Surge Amid Uncertainty

8:01 - U.S. Deficit, Tax Cuts, and Inflation

8:58 - Canadian Dollar Short-Term Outlook

9:53 - Oil Prices & U.S. Policy Impact

11:07 - Immigration Shift: Asylum Seekers

12:28 - Real Estate as Inflation Hedge

18:03 - Cash Flow Key for Investors

21:32 - Key Takeaways: Strategy & Inflation

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E107 of REI Hot Seat, Andrew Hines, Brad McCrae, and David Hoshof discuss strategies for adding value to multifamily properties.

They explore how features like storage units, parking fees, and utility cost recovery can significantly increase a property's value by improving its net operating income (NOI) and leveraging cap rates.

They emphasize the importance of simplicity and starting with easily implemented changes, such as charging for parking, installing storage lockers, or passing on utility costs to tenants.

These adjustments often yield a high return on investment without extensive work.

The hosts encourage property owners to examine their portfolios for overlooked opportunities to maximize income, even on seemingly minor additions.

They also note that consulting experts and building a knowledgeable network can support strategic planning and long-term value growth in real estate.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E107 Easiest Way to Add Income and Value to Your Building?

1:24 - Parking Revenue Opportunities

5:57 - Implementing Storage Solutions

14:46 - Utility Cost Recovery Tactics

19:39 - Calculating Value-Add ROI

23:10 - Cap Rates and Market Ranges

26:26 - Practical Tips for Multifamily Investors

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E106 of REI Hot Seat, Andrew Hines, Jacob Campagnaro, and David Hulshof discuss a new 21-unit investment opportunity in Hamilton, Ontario. 

Located in a stable residential neighbourhood, the property offers significant potential for value-add through energy-efficient upgrades like mini-split heat pumps, LED lighting, and improved appliances, making it eligible for MLI Select financing. 

The team explores strategies to increase income, such as converting oversized mechanical rooms into additional units, charging for parking and storage, and managing utilities to maximize profitability. 

With many units recently renovated and vacant, buyers can choose tensants or have units leased before purchase. 

Episode also emphasizes the importance of having a solid network of professionals for effective property management and ends with an invitation for interested listeners to reach out for a detailed property review.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E106 Are You Missing Out on an Easy Way to Boost Rental Income?

00:00:33 - Intro

00:01:20 - Hamilton Market and Property Details

00:03:01 - Potential for Additional Units and Storage

00:05:08 - Current Status and Tenant Profile

00:10:02 - Financing and Cash Flow Analysis

00:17:02 - Utility and Efficiency Upgrades Discussion

00:22:26 - Investor Opportunities in Value-Add Strategies

00:23:00 - Pricing and Performance Metrics

00:28:38 - Final Thoughts and Closing Remarks

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E105, of the REI Hot Seat, Andrew Hines, David Hulshof, and Jacob Campagnaro discuss a real estate investment project near Bruce Power in Walkerton, Ontario.

The property includes twelve townhomes, ten of which are fully renovated with high energy efficiency scores through the CMHC’s MLI Select program.

They delve into financing options, including an anticipated low-rate CMHC-insured mortgage and how energy-efficient upgrades can provide additional financing benefits.

The property offers a stable cash flow with minimal landlord involvement, as all utilities are tenant-paid and maintenance is streamlined.

They highlight the region's steady demand, driven by Bruce Power’s influence, which contributes to the local economic vibrancy.

This opportunity is positioned for hands-off investors looking for stability and long-term growth.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E105 Is This Ontario Town the Ultimate Real Estate Goldmine?

0:39 - Project Overview: Townhomes near Bruce Power

1:04 - Energy Efficiency Upgrades & Financing

2:00 - Mortgage & Funding Details

4:02 - Cash Flow Projections and Investor Returns

5:00 - Understanding CMHC & MLI Select Benefits

8:36 - Why Invest Near Bruce Power?

12:16 - Property Layout & Potential Additional Units

13:10 - Target Investor Profile & Management Options

15:38 - How to Get Involved: Insiders List & Active Deal Info

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E104, of the REI Hot Seat, Andrew Hines, David Hulshof, and Jacob Campagnaro provide a detailed discussion on the current real estate market, focusing on buyer and seller sentiment. They highlight an increase in market activity, with buyers and large development groups showing renewed interest, especially in multi-family properties and shovel-ready land projects.

The conversation emphasizes the importance of pricing properties accurately and structuring financing effectively to succeed in the current economic climate.

They also stress the value of experience in identifying good deals, noting that newer investors often struggle with market analysis.

As interest rates are expected to decrease in the future, the panel predicts increased market action, but warns that the window for the best opportunities may begin to close as more players re-enter the market.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E104 Will Upcoming Rate Cuts Trigger a Surge in Real Estate Activity?

1:16 – Importance of Accurate Pricing in Today’s Market

3:46 – Highrise Condos and Oversupply in Toronto

4:09 – Impact of Bond Rates on Market Dynamics

5:35 – Long-Term Strategies vs. Short-Term Market Timing

7:01 – Sellers Affected by Bond Rate Increases

9:15 – Evaluating Deals: The Importance of Thorough Analysis

14:30 – Listing Strategies and Proof of Funds Discussion

18:01 – Partnerships and Insider Deal Circles

21:00 – Managing Debt Service and the Importance of Financing Structures

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E103, Andrew Hines and David Hulshof discuss a unique investment opportunity involving a purpose-built 12-unit building in London, Ontario.

They explore the challenges and strategies of repositioning such properties, focusing on tenant turnover, cash-for-keys negotiations, and strategic renovations to increase market rents.

The episode emphasizes the importance of having a detailed financial model, understanding risk, and the role of effective tenant management.

David and Andrew highlight how turning a few units can provide flexibility, allowing time to address remaining units, ultimately aiming for a significant value uplift.

While the deal offers potential returns of over a million dollars, they note it is suited for experienced investors prepared to invest time and capital into managing tenant transitions.

The discussion underscores the evolving dynamics in real estate investing and the need for a hands-on approach in certain market conditions

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E103 Can a Few Strategic Renovations Transform Your Investment into a Million-Dollar Asset?

1:17 - Purpose-Built Deal Overview

2:33 - Challenges with Low Market Rents

5:46 - Cash for Keys Strategy

7:45 - The Role of Property Management

10:11 - Renovation Budgeting Insights

12:00 - Calculating ROI and Valuation Lifts

15:02 - Risks and Rewards of Tenant Turnover

17:32 - Targeting Market Rents and Exiting Strategies

18:31 - Is This Investment Right for You?

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E102, Andrew Hines and Zac Wilms discuss recent market changes, particularly around real estate financing and government policies in Canada.

They highlight the significant effects of the 50 basis point interest rate drop, inflation at 2%, and CMHC's new mortgage policies, such as insuring mortgages up to $1.5 million and allowing 30-year amortizations on new construction.

Zac explains how these changes increase buying power but also raise long-term costs, driving up real estate prices.

They express concerns about the government’s decisions, suggesting that these policies could lead to a real estate price surge in Q4, potentially creating a "catastrophic bomb" in the market.

They also discuss the benefits of investing in real estate during this time, particularly focusing on a 40-unit off-market building in Kitchener as a stable investment with a good cash flow.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E102 Is Canada Setting Itself Up for a Real Estate Crisis with These Changes?

0:36 - Intro

1:03 - CMHC Changes: Mortgages and Amortization Updates

1:46 - The Effect of Debt on Real Estate Prices

4:54 - The Impact of 30-Year Amortizations on Homebuyers

5:36 - Government Policies Driving Up Housing Prices

7:00 - Discussion on Jagmeet Singh and Trudeau

9:56 - Bond Rates and Market Sentiment

10:55 - Stimulating Housing Construction Through New Policies

14:56 - Overview of a 40-Unit Off-Market Building in Kitchener

18:09 - Final Thoughts on the Deal and Building Acquisition

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E101, of REI Hot Seat, Andrew Hines welcomes Zac Willms, David Hulshof, and Jacob Campagnaro to discuss an 8-unit apartment building investment deal in London, Ontario. The group reviews the details of the property, which is undergoing renovations, including the addition of two basement units and a total refresh of the existing units. The building already has major upgrades, such as a new roof and separate utilities.

David Hulshof runs the numbers and highlights that the project is expected to cost approximately $400,000 in renovations, bringing the total investment to around $1.4 million. With current cap rates and projected rent figures, the deal presents a potential full BRRRR (Buy, Rehab, Rent, Refinance, Repeat) opportunity, with the possibility of pulling out all invested capital plus an additional profit. The team also discusses factors like CMHC financing, loan-to-value ratios, and market conditions, with the likelihood of interest rates decreasing, making the deal even more attractive.

The property is in a transitioning B/C+ neighborhood in London, with growing investor interest. It offers vacant possession, eliminating the challenges of tenant management during renovations. The episode concludes with Andrew encouraging listeners to join the Insiders List for access to off-market deals and exclusive opportunities like this one.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E101 What’s Causing So Many Investors to Take Notice of This Deal?

1:01 - Discussing an 8-Plex Deal in London, Ontario

2:10 - Property Details: Retrofit, Roof, and Renovations

3:05 - Tenant Situation and Eviction Process

4:54 - Numbers Breakdown: Purchase, Renovation, and Financing

7:01 - Cap Rate and Expected Valuation

9:12 - Basement Unit Renovations Overview

10:21 - Loan Details: 85% Loan to Value

14:38 - Financing Rates and Market Trends

17:00 - Cash Flow and Building Vacancies

19:04 - MLI Select Program: Pros and Cons

20:55 - Area Overview: London Neighborhood Details

23:25 - Conclusion and Final Thoughts

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E100, In this solo episode, Andrew Hines shares updates on his real estate ventures, focusing on his land-flipping business in Florida.

He explains that land deals often involve less hassle than properties with tenants, as there's no need for evictions or junk removal. Andrew discusses a recent profitable deal where he and his partner, Mat Piche, bought a 5-acre piece of land for $26,000 and sold it for $53,000, netting around $20,000 in profit.

He highlights their strategy of acquiring land at 50 cents on the dollar and ensuring properties are well-researched, particularly regarding flood zones and wetlands. Andrew also shares a cautionary tale about a deal that fell through due to a land dispute with a neighboring attorney. He concludes by reflecting on the advantages of land investments and mentions his ongoing efforts to engage more with his audience through Instagram and future projects.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E100 Can You Really Flip Land Without Ever Seeing It in Person?

1:15 - Recent Florida Land Deal

6:00 - Research and Strategy for Land Deals

12:00 - Lessons from a Failed Deal

15:00 - Future Projects and Audience Engagement

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E099, Andrew Hines and David Hulshof discuss a purpose-built six-unit property in London, Ontario. The previous owner made significant energy efficiency upgrades, preparing it for the MLI program, though it won't qualify for the full 50-year term. Buyers can expect up to 45 years with a higher premium. The fully vacant building has been renovated with new windows, doors, heat pumps, and upgraded interiors. Rent estimates for the two-bedroom units, including below-grade ones at $1,700, are conservatively set to attract tenants.

Despite being in a C/C+ area, the building's purpose-built design and high-quality renovations make it a strong investment. David explains that rental rates are based on local comparables, offering real-world data to support their pricing. The seller is flexible, willing to tenant the building or leave that responsibility to the buyer, depending on their preference.

David also discusses broader market trends, noting that many deals are now being done off-market, providing sellers more control and buyers exclusive opportunities. With recent interest rate drops, there are strong deals available, particularly for energy-efficient, renovated properties like this one, which promise long-term value and rental income potential.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E099 The Secret to Finding Undervalued Properties with High Potential?

0:49 – Overview of the six-unit building in London and decision to sell

2:03 – Discussion on conservative rental pricing and unit layouts

4:19 – Why the building is an attractive investment opportunity

6:10 – Overview of financing options and potential cash flow

7:20 – Advantages of a 10-year mortgage term

9:24 – Details on expected cash flow and return on investment

11:01 – Market trends and the benefits of off-market deals

14:26 – Transition in the real estate market with rate adjustments

17:00 – Non-purpose-built buildings: opportunities and challenges

19:20 – Cash flow comparison between purpose-built and non-purpose-built properties

21:00 – Wrap-up

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E098, Andrew Hines and Jacob Campagnaro delve into the details of a real estate investment opportunity in Toronto's desirable Beaches neighborhood, focusing on a sixplex property. They discuss the advantages of quick closing in securing better deals, noting that understanding the seller's motivations—such as the need for speed—can lead to more favorable pricing. The property, a six-unit walk-up that has been meticulously maintained by the owner for over 12 years, presents significant value-add potential, particularly through rent increases and creative financing strategies.

Jacob highlights that while the current rents are below market, there is a substantial opportunity to increase revenue as units turn over. The owner-occupied unit will be vacant at possession, offering immediate rental potential or the option for the buyer to negotiate terms, such as the owner staying on temporarily or providing rental guarantees.

They also discuss various financing options, including the possibility of using a Vendor Take-Back (VTB) mortgage to mitigate tax liabilities and reduce the buyer's upfront costs. Jacob explains that the property has not been refinanced in over a decade, leaving room for creative financing solutions like a VTB, which could be structured in multiple ways depending on the buyer's needs.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E098 Can This CMHC Financing Flexibility Secure Your Next Deal?

1:08 - Overview of the Toronto Beaches Sixplex Property

3:19 - Rent Potential and Market Spread

5:00 - Financing Options and CMHC Underwriting

6:02 - Negotiation Strategies: Understanding Seller Motivation

7:14 - Creative Financing: Vendor Take-Back (VTB) Mortgage

8:23 - Market Conditions and Opportunities in Toronto

9:45 - Potential for Airbnb and Investment Strategies

11:18 - Tenant Relations and Cash for Keys

12:05 - Creative Deal-Making and Structuring Offers

14:01 - Final Thoughts on Investment Potential

16:00 - Closing Remarks and REI Hot Seat Insiders Invitation

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E097, Andrew Hines is joined by Brad McCrae and David Hulshof to discuss a unique real estate deal involving the conversion of a commercial townhouse complex into residential units.

Brad, a first-time guest on the show, explains that this deal is particularly attractive because it offers a straightforward path to stabilizing the asset, refinancing, and potentially pulling out most or all of the invested capital within 12 to 18 months.

The property, currently home to a few commercial tenants with no leases, is set to be converted to residential use, with preliminary approval from the city.

The guys delve into the details of the conversion process, discussing zoning changes, environmental assessments, and the potential financial benefits of the project. They also touch on the importance of due diligence and risk management in real estate investing, highlighting how the deal could be highly profitable for the right buyer.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E097 How Can You Turn Commercial to Residential and Score Big with CMHC?

0:39 - Introduction & Deal Overview

1:06 - Why This Deal is Significant

2:17 - Deal Details: Commercial to Residential Conversion

17:50 - CMHC Scoring Strategy

19:30 - Analyzing the Financials

25:50 - Final Thoughts & Due Diligence Tips

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E096, Andrew Hines and David Hulshof discuss the evolving real estate market, particularly in light of recent interest rate drops. They note how these changes are impacting both buyers and sellers, with sellers gaining confidence and buyers becoming more active. The conversation highlights the increasing significance of off-market deals, where trust and proof of funds play crucial roles. They also touch on the challenges of listing properties on MLS, the risks associated with small deposits, and the current opportunities for investors, especially with the possibility of further rate drops. The episode emphasizes the importance of staying informed and connected with knowledgeable agents to capitalize on market shifts.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E096 Why Are Off-Market Deals Becoming the New Norm for Investors?

0:33 - Introduction & Market Sentiment

2:01 - Shift to Off-Market Deals

4:07 - Risks of Listing on MLS

12:24 - Current Market Conditions & Opportunities

14:14 - Future Market Outlook & Closing Thoughts

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E095, Andrew Hines and Jacob Campagnaro dive into an exclusive off-market deal that stands out in the competitive multi-family real estate market. They discuss a newly constructed sixplex, a rare find given today’s development challenges. Jacob, who has personally toured the property, shares why this deal could be a prime opportunity for investors looking to add a high-performing asset to their portfolios.

The episode goes beyond the basics, highlighting the strategic benefits of this property. Andrew and Jacob explain how its new construction exempts it from rent control, allowing for flexible rental rates that enhance profitability. They also discuss the value of separate utility meters, which eliminate landlord utility costs, making the investment even more appealing. Located in a developing neighborhood, this sixplex offers both short-term cash flow and long-term appreciation potential.

More than just a property review, the episode equips listeners with knowledge to navigate multi-family investing. Andrew and Jacob break down the CMHC’s MLI Select program, showing how it can be used to secure favorable loan terms and boost investment returns. This episode is essential for serious real estate investors, offering insights into a lucrative deal and strategies to capitalize on similar opportunities before they hit the broader market.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E095 How Can You Leverage Rent Control Exemptions for Greater Profits?

0:44 - Introduction and Deal Overview

1:11 - Unique Features of the Sixplex

3:16 - Rental Market Analysis

6:01 - Property Layout and Neighborhood Development

8:25 - CMHC’s MLI Select Program Insights Full Breakdown

12:39 - Financial Projections and Rate Speculations

22:41 - Closing Thoughts

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E094, today’s episode is a must-listen for anyone looking to invest in multifamily properties in Ontario. Joining me are David Hulshof and Jacob Campagnaro, and we’re thrilled to introduce Ayub Rahim, a recent client who successfully navigated his first multifamily investment with their guidance.

Ayub’s journey is the perfect example of how you can go from being a listener of this podcast to owning a lucrative investment property. Ayub reached out through the link we always mention, and from there, his real estate journey truly began. After meeting with Jake and Dave, Ayub set his sights on securing a property that would offer strong cash flow and long-term growth potential.

Today, we’re diving into the details of Ayub’s recent acquisition—a 20-unit townhouse complex in Paisley, Ontario. We’ll cover everything from why he chose multifamily investing as his strategy to how he evaluated and ultimately closed on this prime property. For those of you considering investing in Ontario’s real estate market, this episode is packed with insights on the opportunities and challenges of multifamily investments, and why they’re a smart choice in the current economic climate.

We’ll discuss the entire process—from initial property research to the closing table—and share key takeaways that can help you make informed decisions in your own investment journey. If you’re serious about building wealth through real estate, especially in the multifamily sector, this episode offers invaluable lessons on how to find, analyze, and secure properties that can elevate your portfolio.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E094 Is Investing in Small-Town Ontario the Secret to High Cash Flow?

1:17 - Ayub's Real Estate Journey

2:22 - Why Multifamily Properties?

3:13 - Understanding Investment Metrics

6:43 - Analyzing the Deal

12:26 - Closing the Deal: Challenges and Solutions

20:49 - Post-Closing Plans and Property Management

29:19 - Future Investment Strategy

37:40 - Event Announcement and Wrap-Up

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In E093, Andrew Hines sits down with Jacob Campagnaro and Mark Luciano to discuss an exciting new real estate investment opportunity. They explore the potential of a unique, fully vacant mixed-use building in Hamilton. This property, with its six residential units and two large commercial spaces, offers incredible potential for investors looking to dive into the Hamilton market.

The conversation highlights the significant advantages of investing in a fully vacant building, including the ability to start renovations immediately and avoid tenant-related issues. Mark shares insights into the financial aspects, including potential returns and the strategic benefits of CMHC financing. They also discuss the exciting possibility of converting part of the commercial space into additional residential units, leveraging Hamilton's pro-intensification policies.

Located near the General Hospital, this property is in a prime area with high demand from healthcare professionals. Andrew, Jacob, and Mark provide a high-level overview of why this deal is so attractive and discuss the financial projections, potential cash flow, and investment strategies.

This episode is packed with valuable insights for real estate investors, especially those interested in mixed-use buildings, high-return investments, and the Hamilton real estate market. Tune in to discover why this deal stands out and learn about the exclusive opportunities available through the REI Hot Seat Insider program. By joining, you'll get access to detailed due diligence, financial analyses, and exclusive off-market deals. Don’t miss this chance to gain expert knowledge and explore a lucrative investment opportunity.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E093 Why Invest in a Mixed-Use Building?

0:36 - Introducing

1:08 - Key Features of the Property

2:00 - Potential for Conversion

3:07 - Rezoning and Intensification

5:23 - Financial Overview and CMHC Financing

7:58 - Refinancing Strategy

11:39 - Investment Returns and Cash Flow

14:12 - Time and Effort Considerations

16:20 - Property Management

21:03 - Conclusion

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

---

Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.